I think you might enjoy this article: Reuters News BRIEF-Competition Tribunal imposes R534 million penalty on Sasol for over charging.
June 5 (Reuters) - Competition Tribunal
* Jse: competition tribunal imposes r534 million penalty on sasol for over charging
* Found sasol chemical industries limited , a subsidiary of sasol ltd (sasol), guilty of charging domestic customers excessive prices for purified propylene and polypropylene between january 2004 and december 2007.
* Tribunal imposed a penalty of r205.2 million in case of purified propylene and r328.8 million in respect of polypropylene
* Tribunal imposed a penalty of r205.2 million in case of purified propylene and r328.8 million in respect of polypropylene
* Also imposed remedies for determining scis future pricing of both purified propylene and polypropylene that would see scis prices charged to local customers drop
* Concluded that scis exercise of market power and its excessive prices have resulted in a missed opportunity for innovation and development for domestic manufacture of downstream plastic goods
Source text for Eikon: ID:nJseE0026a Further company coverage: SOLJ.J
((Johannesburg Newsroom; +27 11 775 3155))
Keywords: COMPETITIONTRIBUNAL/BRIEF
Disclaimer:
© Thomson Reuters 2011. All rights reserved. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. Thomson Reuters is not liable for any errors or delays in Thomson Reuters content, or for any actions taken in reliance on such content. 'Thomson Reuters' and the Thomson Reuters logo are trademarks of Thomson Reuters and its affiliated companies.
For additional information on other Thomson Reuters Services please visit the Thomson Reuters public web site http://www.thomsonreuters.com/.
June 5 (Reuters) - Competition Tribunal
* Jse: competition tribunal imposes r534 million penalty on sasol for over charging
* Found sasol chemical industries limited , a subsidiary of sasol ltd (sasol), guilty of charging domestic customers excessive prices for purified propylene and polypropylene between january 2004 and december 2007.
* Tribunal imposed a penalty of r205.2 million in case of purified propylene and r328.8 million in respect of polypropylene
* Tribunal imposed a penalty of r205.2 million in case of purified propylene and r328.8 million in respect of polypropylene
* Also imposed remedies for determining scis future pricing of both purified propylene and polypropylene that would see scis prices charged to local customers drop
* Concluded that scis exercise of market power and its excessive prices have resulted in a missed opportunity for innovation and development for domestic manufacture of downstream plastic goods
Source text for Eikon: ID:nJseE0026a Further company coverage: SOLJ.J
((Johannesburg Newsroom; +27 11 775 3155))
Keywords: COMPETITIONTRIBUNAL/BRIEF
Disclaimer:
© Thomson Reuters 2011. All rights reserved. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. Thomson Reuters is not liable for any errors or delays in Thomson Reuters content, or for any actions taken in reliance on such content. 'Thomson Reuters' and the Thomson Reuters logo are trademarks of Thomson Reuters and its affiliated companies.
For additional information on other Thomson Reuters Services please visit the Thomson Reuters public web site http://www.thomsonreuters.com/.
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